Senators Cynthia Lummis, John Boozman, and Tim Scott said the updated text incorporates 126 substantive changes requested by Democrats, including ethics language drawn from a proposal by Senators Thom Tillis and Ruben Gallego. Trump agreed to ethics restrictions that would cover the president, vice president, members of Congress, judges, and their spouses, the senators said. The new version also gives the Treasury secretary authority to restrict stablecoin rewards if deposit outflows from community banks reach a substantial level — a measure designed as an emergency brake for community lenders.
Trump backed Clarity Act's final text as banks and crypto industry clashed over stablecoin rules
Senators Cynthia Lummis, John Boozman, and Tim Scott said the updated text incorporates 126 substantive changes requested by Democrats, including ethics language drawn from a proposal by Senators Thom Tillis and Ruben Gallego. Trump…
qz.com
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Sep 14, 2026 at 12:14 PM UTC · 1 분 소요

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Originally reported by qz.com
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